Joel Mogy Investment Counsel (JMIC) sold 20,929 Adobe shares, valued at $7.51 million in Q3 2025. This represents 0.41% of the fund’s U.S. equity assets. Post-trade, JMIC holds 50,664 Adobe shares worth $17.87 million. Adobe now accounts for 0.98% of the fund’s AUM, outside the top five holdings. The stock price of Adobe on October 15, 2025, was $330.63, down 34.9% in one year. Adobe operates on a subscription-based model and offers software solutions to various industries globally. JMIC has been reducing its Adobe stake, possibly due to concerns about the company’s future in the AI battleground.

Read more at Nasdaq.: Joel R Mogy Investment Counsel Dumps $7.5 Million Worth of Adobe (NASDAQ: ADBE) Shares: Is the Stock a Sell?